"India's policy makers are getting increasingly worried about the poor quality of data that forces multiple revisions to important numbers and befuddles economists and investors. How New Delhi deals with this will be key in trying to revive India's weakening macroeconomic fundamentals."

Chinese fighter jets 'repel' US aircraft (FT)"Two Chinese fighter jets crossed an unofficial dividing line in the Taiwan Strait late last month in pursuit of a US spy aircraft, according to defence sources in Taipei and Beijing."

"The number of contracts held by traders in options to buy West Texas Intermediate crude at $120 a barrel in December totaled 45,502 lots on the New York Mercantile Exchange as of July 21, 4,226 lots more than the next-highest wager, which is for $125."

Fertilizer costs threaten China's food security"The continuously rising price of potash fertilizer is constraining the country's agricultural development, the Economic Information Daily reported Monday."According to the international potash fertilizer price negotiation disclosed on June 30, the CIF (cost insurance and freight) price of potash fertilizer for import into China was set at $470 per ton for the second half of this year. The price has risen $70 per ton compared to that of the first half of this year, a price increase of 17.5 percent, the newspaper reported."China's effort to muzzle news of train crash sparks outcry"(Reuters) - Government directives demanding journalists not question official accounts of a deadly high-speed train crash in eastern China are fueling public anger and suspicion about conflicting details of the accident, such as the death toll."

Hackers hit Italian cyber-police"Hackers have started to release gigabytes of secret documents stolen from an Italian cybercrime unit."The 8GB of files has allegedly been taken from the network of the Italian CNAIPIC which oversees the country's critical IT infrastructure."

The cost of cybercrime"The price tag on corporate data breaches is soaring: The rise in cybercrime is costing hundreds of billions of dollars each year."

## Japan ##

Energy policy drift deepens shortages fears"More than four months into the Fukushima nuclear disaster, fears of power shortages appear to be deepening in the absence of a reliable and tangible state energy policy..."Time is not on the government's side as all 18 reactors currently in operation nationwide are slated to go offline for periodic maintenance by around next May, according to the Ministry of Economy, Trade and Industry, while it is remains unclear when reactors shut down for regular checkups will be reactivated."

"Radiation fallout from the wrecked Fukushima nuclear plant poses a growing threat to Japan's food chain as unsafe levels of cesium found in beef on supermarket shelves were also detected in more vegetables and the ocean."

## China ##Rail Stocks Tumble in China, Hong Kong"China's railway companies tumbled in Shanghai and Hong Kong trading on speculation a deadly bullet train accident in the eastern part of the country will prompt the government to slow construction and reduce investment."